2809 Margaret StMelvindaleMI48122
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Melvindale rentals match the income profile of 2809 Margaret St, Melvindale, MI, 48122. Listed at $200,000, gross rent is $2,255/mo and net cash flow is $936/mo, a 13.53% yield well above national averages. DSCR 2.51 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $55,256 by year five with $1,842/yr in annual principal reduction, projecting $136,451 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 7.2% |
| Monthly Cash Flow | $936 | $220 |
City averages based on Melvindale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,255 |
| Total Monthly Debt Service | $1,239 |
| DSCR Ratio | 1.82x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis Collura • Real Estate Info Centers
Mls Name: MichRIC
Mls Provider:
Mls ID: #25047048
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.